Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) saw unusually-strong trading volume on Thursday after B. Riley raised their price target on the stock from $8.00 to $12.00. B. Riley currently has a buy rating on the stock. Approximately 9,299,727 shares traded hands during trading, an increase of 23% from the previous session’s volume of 7,570,203 shares.The stock last traded at $7.58 and had previously closed at $7.47.
A number of other analysts have also recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $10.60.
Get Our Latest Stock Analysis on LUNR
Insider Buying and Selling
Hedge Funds Weigh In On Intuitive Machines
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. purchased a new position in Intuitive Machines during the 2nd quarter valued at approximately $35,000. Sender Co & Partners Inc. purchased a new stake in Intuitive Machines during the second quarter valued at $56,000. Baltimore Washington Financial Advisors Inc. bought a new position in Intuitive Machines during the first quarter valued at $67,000. Rhumbline Advisers purchased a new position in shares of Intuitive Machines in the 2nd quarter worth $119,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines in the 1st quarter worth about $119,000. Institutional investors own 72.21% of the company’s stock.
Intuitive Machines Trading Down 1.4 %
The firm’s 50-day moving average price is $4.81 and its 200-day moving average price is $4.93. The stock has a market capitalization of $1.14 billion, a PE ratio of 22.32 and a beta of 0.26.
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.
About Intuitive Machines
Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.
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